Adagene Correlations
| ADAG Stock | USD 2.27 0.08 3.65% |
The current 90-days correlation between Adagene and Scpharmaceuticals is 0.16 (i.e., Average diversification). The correlation of Adagene is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Adagene Correlation With Market
Significant diversification
The correlation between Adagene and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Adagene and DJI in the same portfolio, assuming nothing else is changed.
Adagene |
Moving against Adagene Stock
| 0.65 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.6 | HD | Home Depot | PairCorr |
| 0.56 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.48 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.46 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.45 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.38 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.35 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.33 | HPQ | HP Inc | PairCorr |
| 0.31 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
Related Correlations Analysis
| -0.02 | 0.86 | -0.55 | 0.8 | -0.68 | ELYM | ||
| -0.02 | -0.17 | 0.1 | 0.11 | -0.01 | HCWB | ||
| 0.86 | -0.17 | -0.54 | 0.7 | -0.58 | SCPH | ||
| -0.55 | 0.1 | -0.54 | -0.39 | 0.51 | MIST | ||
| 0.8 | 0.11 | 0.7 | -0.39 | -0.63 | MCRB | ||
| -0.68 | -0.01 | -0.58 | 0.51 | -0.63 | LUMO | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Adagene Stock performing well and Adagene Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Adagene's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ELYM | 3.92 | (0.78) | 0.00 | 0.73 | 0.00 | 6.21 | 34.87 | |||
| HCWB | 13.20 | 4.04 | 0.35 | (1.01) | 8.16 | 22.00 | 352.85 | |||
| SCPH | 2.64 | (0.84) | 0.00 | (0.35) | 0.00 | 4.05 | 20.70 | |||
| MIST | 1.90 | 0.19 | 0.12 | 0.24 | 1.61 | 7.19 | 18.66 | |||
| MCRB | 4.93 | 0.19 | 0.02 | 0.60 | 5.66 | 10.84 | 28.84 | |||
| LUMO | 2.44 | 0.38 | 0.06 | (0.43) | 2.72 | 5.95 | 16.25 |
Adagene Corporate Management
| Alexander Goergen | VP Development | Profile | |
| Guizhong Liu | Head Pharmacology | Profile | |
| Xiaohong She | Senior Operations | Profile | |
| Ling Zhou | Head Resources | Profile | |
| Man MBA | CFO Director | Profile | |
| Qinghai Zhao | Chief Officer | Profile | |
| Fangyong Du | Chief Officer | Profile |